#aop3c: Thomson Reuters spending $1bn on subscription platform

While Thomson Reuters is spending $1 billion developing Project Utah, a new common desktop platform for all its customers, the group does not want to intrude on existing business broadcasters' territory, its head of multimedia has told Journalism.co.uk.

"I think it's one of the most significant developments when it comes to multimedia around at the moment. We listen to our clients - they're screaming at us [for this type of service] and they have been for years," said Cramer, who said that he was 'flushed out of early retirement' to take up his current position at Reuters.

Reuters' financial clients wanted a vertical offering them content and information relevant to their business interests and to allow them 'to go look at that, and only that', he said.

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